Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us

Primerica Gains as Sales Surge Drives Profit Rise

Feb. 8 (Bloomberg) -- Primerica Inc., the life insurer previously owned by Citigroup Inc., advanced in New York trading as fourth-quarter profit climbed on a boost in policy sales.

Primerica rose 3.3 percent to $33.63 at 4:06 p.m. The Duluth, Georgia-based company has climbed 35 percent in the past 12 months.

Net income grew 8.2 percent to $40.3 million as net premiums increased 14 percent, Primerica said yesterday in a statement after the close of trading. Operating profit was 69 cents a share, missing by 1 cent the average estimate of seven analysts surveyed by Bloomberg.

“Our results were marked by solid performance across segments,” Co-Chief Executive Officer Rick Williams said in the statement. That includes a 16 percent increase in the term-life net premium revenue in the period, Primerica said.

To contact the reporter on this story: Elizabeth Bunn in New York at ebunn1@bloomberg.net

To contact the editor responsible for this story: Dan Reichl at dreichl@bloomberg.net

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.